Growing Pains

In the
end, revenues that should be generated by having additional employees don’t come in fast enough to offset the new expense. “You have to look at why you are taking on extra employees,” says Diamond. “Is it that you have more business than you can handle? If that’s the case, then those people are going to help you increase your income and build your company.”

Most entrepreneurs have a bug that makes them feel they’re going to be the masters of their own fate. With the right timing, preparation and plan, you can certainly succeed and grow your operation to include others who share your passion and vision, and who can help you build a profitable, customer-driven firm that creates wealth and opportunities.

Resources to help you grow your business
BOOKS
Smart Hiring: The Complete Guide to Finding and Hiring the Best Employees by Robert W. Wendover
Sourcebooks Inc., $12.95

The Small Business Survival Guide: How to Manage Your Cash, Profits and Taxes (The Small Business Sourcebooks) by Robert E. Fleury
Sourcebooks Inc., $17.95

Managing Your Employees by George Devine
Prentice Hall, $13.95

Every Business Is a Growth Business by Ram Charan &
Noel M. Tichy
Random House, $27.50

Black Enterprise Guide to Starting Your Own Business by Wendy Beech
John Wiley & Sons, $19.95